Upwork Correlations

UPWK Stock

USD 20.20 0.31 1.51%

The current 90-days correlation between Upwork Inc and BW LPG Limited is -0.13 (i.e., Good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Upwork moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Upwork Inc moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Upwork Correlation With Market

Poor diversification

The correlation between Upwork Inc and DJI is 0.68 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Upwork Inc and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Upwork Stock

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Upwork Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in private.

Moving together with Upwork Stock

0.73	ASGN	ASGN Inc	Pair Corr
0.8	BGSF	BG Staffing	Pair Corr
0.73	WF	Woori Financial Group	Pair Corr
0.66	TLK	Telkom Indonesia Tbk	Pair Corr
0.72	HL	Hecla Mining	Pair Corr
0.68	BIOA	BioAge Labs	Pair Corr
0.61	HYMC	Hycroft Mining Holding Trending	Pair Corr
0.79	EGTIF	eGuarantee	Pair Corr
0.8	GS	Goldman Sachs Group	Pair Corr
0.65	DAR	Darling Ingredients	Pair Corr
0.71	SPOFF	Goldspot Discoveries Corp	Pair Corr
0.76	JCAP	Jefferson Capital Common	Pair Corr
0.73	TENX	Tenax Therapeutics Downward Rally	Pair Corr
0.76	GALNF	Galenica AG	Pair Corr
0.77	FOX	Fox Corp Class Earnings Call This Week	Pair Corr
0.71	NXST	Nexstar Broadcasting	Pair Corr

Moving against Upwork Stock

0.74	VFSWW	VinFast Auto	Pair Corr
0.57	FVRR	Fiverr International	Pair Corr
0.39	NBB	Norman Broadbent Plc	Pair Corr
0.35	LANDP	Gladstone Land600%	Pair Corr

Related Correlations Analysis

	BWLP	TRTN-PC	PSIX	SBLK	NSP	RHI	HUBG	AMRC	ALG
BWLP		0.45	0.46	0.62	0.63	0.26	0.61	-0.14	0.76	BWLP
TRTN-PC	0.45		0.0	0.42	0.48	0.61	0.87	-0.67	0.5	TRTN-PC
PSIX	0.46	0.0		-0.09	0.68	0.1	0.1	0.57	0.73	PSIX
SBLK	0.62	0.42	-0.09		0.32	0.31	0.66	-0.35	0.36	SBLK
NSP	0.63	0.48	0.68	0.32		0.66	0.61	0.12	0.93	NSP
RHI	0.26	0.61	0.1	0.31	0.66		0.67	-0.23	0.59	RHI
HUBG	0.61	0.87	0.1	0.66	0.61	0.67		-0.6	0.63	HUBG
AMRC	-0.14	-0.67	0.57	-0.35	0.12	-0.23	-0.6		0.08	AMRC
ALG	0.76	0.5	0.73	0.36	0.93	0.59	0.63	0.08		ALG
	BWLP	TRTN-PC	PSIX	SBLK	NSP	RHI	HUBG	AMRC	ALG

Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

ALG	+ 0.93	NSP
HUBG	+ 0.87	TRTN-PC
ALG	+ 0.76	BWLP
ALG	+ 0.73	PSIX
NSP	+ 0.68	PSIX
HUBG	+ 0.67	RHI

High negative correlations

AMRC	- 0.67	TRTN-PC
AMRC	- 0.6	HUBG
AMRC	- 0.35	SBLK
AMRC	- 0.23	RHI
AMRC	- 0.14	BWLP
SBLK	- 0.09	PSIX

Risk-Adjusted Indicators

There is a big difference between Upwork Stock performing well and Upwork Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Upwork's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
BWLP	1.60	0.35	0.14	(1.97)	1.64	(1.81)	4.02	(2.78)	8.94
TRTN-PC	0.34	0.02	(0.07)	0.50	0.45	(0.34)	0.68	(0.64)	2.46
PSIX	3.79	(0.20)	0.00	(0.01)	0.00	0.00	7.68	(6.33)	27.55
SBLK	1.40	0.38	0.16	5.33	1.77	(1.52)	3.15	(2.54)	9.64
NSP	2.35	(0.24)	0.00	(0.05)	0.00	0.00	4.91	(5.53)	20.54
RHI	1.54	(0.17)	0.00	(0.06)	0.00	0.00	3.27	(3.24)	11.16
HUBG	1.31	0.41	0.26	1.21	1.00	(1.57)	4.24	(1.95)	7.44
AMRC	2.31	(0.34)	0.00	(0.13)	0.00	0.00	4.15	(5.97)	16.41
ALG	1.28	(0.04)	(0.02)	0.03	1.40	(1.37)	2.47	(2.08)	8.89

Upwork Corporate Management

Dave Bottoms	General Marketplace	Profile
Sabrina Mekhalfa	Chief Officer	Profile
Jacob McQuown	Chief Officer	Profile
Sunita Solao	Chief Officer	Profile
David Niederman	Vice Relations	Profile

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2026 Macroaxis LLC